long...I''ve been long on exro since the heady days of $7/share... i never thought we would come to the point where exro would disregard the share holder as much as they have with this deal with sea electric.
I said all along that their financial officer was out of his league. What gets me is how confident management appeared on all their pod casts that all was well and that the cell driver was soon going to be certified. I think that exro could have pushed the issue more with the cell certification, they just raised their hands and said "what can we do about it".
Exro share price was in the $3 range for quite some time and if they wanted a deal with sea electric... then that was the time to push it through. Exro has given up everything to sea to make a deal! They took on all their debt and will have diluted our shares into huge amount outstanding.
I never thought Sue would sign off on such robbery by sea. OK i don't have all the facts but from what we know Exro has sold the farm for maybe $200 million in revenue that sea says is on the books.
I say NO way to this half contrived deal. I would rather Exro go to Tesla with their technology and try to work out a deal with Musk.
I hate this bush league give away to sea electric. I say pay the breakup fee and get out.
Exro needs to push with all their resources to get the cell certification. They probably need to cut
staff to save money.
No NO NO to the Sea electric buyout!!
taltimbr